May 1, 2020
Comment on SEC Proposed Rule #S7-24-15: Leveraged Funds have a number of risks, as do options, futures and even common stock. The investing public donot NEED the government to be telling us what we are "smart" enough or "experienced" enough to buy and sell. Some of these funds have done very badly, some of them are very narrow. Some of them have done very very well. Before you ban these or retrict them, ban riskier things first. At least with these funds you can only lose your investment. Not true with certain stock options, commodities etc or investing on margin. In addition, leaving it up to individual brokerage houses to determine eligibility just invites shady operators to step in to "assist" us in getting around this baby sitting